Presidents report for November- Mickey Sirls

The Insurance Board met on November 18. At the end of October we had an 88.45 loss ratio. We also had a 4.5 million gain. We were able to put 13.9 million in surplus throughout October 2013. We have a net income of $113 million for 2013 and at the end of October have 997.6 […]

Prayers and Thoughts for Wilson

Dear Agent’s Association, As many of you know, Wilson, Mark Haney’s grandson, is in Kosair Children’s Hospital. Please keep him in your thoughts and prayers as he goes through treatment for leukemia. We pray that God works his miracle! Your President, Mickey Sirls

President’s report for April

The April Insurance Board Meeting was held April 19th and 20th at Boyle County for the spring board meeting. In the 1st quarter we have a combined loss ratio of 85.42% which gives us a 1st quarter underwriting profit of $31,251,494. However, the policies written are down 19,000 this year from last year’s 1st quarter. […]

Presidents Report by Mickey Sirls

The annual meeting for KY Farm Bureau Insurance Company The CEO Brad Smith gave the annual report which ended with KFB at $938 million in surplus. Nathan gave a report of percentage of revenues: Auto 52.6% Property 32.69% Other income 4.92% Investment 8.43% Misc income 1.62% Chuck Osbourne was announced as VP of Sales. The County Loan Program was […]

President’s Report by Mickey Sirls

January Insurance Board Meeting Memberships through January are 4025 behind last year at this same time. 107 agencies have less than 1% growth. 94 of 170 agencies will get some type of loss ratio bonus. Reserves: January 2012 surplus = $840 million, December 31, 2012 surplus = $928 million. Reinsurance has been purchased for 2013 […]

President’s Report for November

The insurance board of KFB met Monday, November 19 at the home office. It was announced that the KFBloss ratio, as of October 31 was 110.96. This figures in a $5.9 million underwriting profit for October, even though auto was not profitable in October. So let’s see, that’s 3 out of the last 4 months that we have […]